Franklin Templeton

Paul Spencer, manager of the Franklin UK Mid Cap fund, has initiated a holding in New Britain Palm Oil - the fund's first ever investment outside the FTSE 250.

Franklin Templeton's Mark Mobius has said he does not believe there will be a recession in developed or emerging markets despite the ongoing eurozone sovereign crisis.

Franklin Templeton Investments has been given the all-clear from the FSA to rebrand Rensburg Fund Management.

Franklin Templeton Investments has launched a global multi-asset product which makes use of the group's multi-manager capabilities and has the option to hedge markets on the downside.

Franklin Templeton's Mark Mobius has said Russia is his current emerging market of choice and suggested concerns over corporate governance are misplaced.

ON EMERGING MARKETS

Emerging markets veteran Mark Mobius is shunning domestic market Chinese A-shares in favour of Hong Kong H-shares following underperformance.

Investors in Japan should look beyond the short-term impact of the crisis as the country will recover quickly due to its large foreign reserves, says Mark Mobius.

Mark Mobius is "cautiously" looking to buy oversold quality companies in the Middle East and North Africa, despite increasing volatility in the region.

The renminbi is poised to replace the yen as a global reserve currency within the next decade, says Franklin Templeton's Mark Mobius.